Ivorian Materials Defensive Blue Chips

Huaneng Lancang River Hydropower

Market Cap: CN¥181.8b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

AIB Group

Market Cap: €23.2b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Seven & i Holdings

Market Cap: JP¥4.3t

Operates convenience stores in Japan, North America, and internationally.

Quest Diagnostics

Market Cap: US$26.9b

Provides diagnostic testing and services in the United States.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operation of supermarkets under the D-Mart brand name in India.

Koninklijke Philips

Market Cap: €22.9b

Operates as a health technology company in North America, the Greater China, and internationally.

George Weston

Market Cap: CA$37.0b

Provides food and drug retailing, and financial services in Canada.

Helvetia Baloise Holding

Market Cap: CHF 21.3b

Engages in life and non-life insurance, and reinsurance business.

Grupo Cibest

Market Cap: Col$81.8t

Provides various banking products and services in Colombia and internationally.

Mediobanca Banca di Credito Finanziario

Market Cap: €22.7b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Qnity Electronics

Market Cap: US$26.4b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp471.3t

Provides various banking products and services in Indonesia and internationally.

Jentech Precision Industrial

Market Cap: NT$840.0b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Dollar Tree

Market Cap: US$26.3b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Cincinnati Financial

Market Cap: US$26.3b

Provides property casualty insurance products in the United States.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.1b

Engages in the development, manufacture, and sale of chocolate products worldwide.

China Everbright Bank

Market Cap: CN¥176.5b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Regions Financial

Market Cap: US$26.1b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥174.8b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.0b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Hana Financial Group

Market Cap: ₩35.9t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Power Grid Corporation of India

Market Cap: ₹2.5t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Winbond Electronics

Market Cap: NT$816.8b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

New China Life Insurance

Market Cap: CN¥170.8b

Provides life insurance products and services to individuals and institutions in China.

CLP Holdings

Market Cap: HK$199.0b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

EnBW Energie Baden-Württemberg

Market Cap: €21.7b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

GLOBALFOUNDRIES

Market Cap: US$25.2b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Brown & Brown

Market Cap: US$25.0b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Huadian New Energy Group

Market Cap: CN¥166.9b

Engages in the power generation business in China.

Public Bank Berhad

Market Cap: RM 100.0b

Provides banking products and services.

Barito Renewables Energy

Market Cap: Rp442.8t

Generates and sells power through geothermal and wind resources in Indonesia.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥165.1b

Inner Mongolia Yili Industrial Group Co., Ltd.

First Citizens BancShares

Market Cap: US$24.3b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

AST SpaceMobile

Market Cap: US$24.3b

Designs and develops the constellation of BlueBird satellites in the United States.

China Resources New Energy Holdings

Market Cap: CN¥162.7b

Engages in investing, developing, operating, and managing wind and solar power plants in China.

Coca-Cola FEMSA. de

Market Cap: US$24.1b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.